China is Crashing

Discussion in 'Asia' started by Kevin_Kennedy, Mar 23, 2012.

  1. Kevin_Kennedy
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    Kevin_Kennedy Defend Liberty

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    EconomicPolicyJournal.com: China is Crashing

    I would say that given their highly managed economy a Chinese crash is certainly inevitable.
     
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  2. Big Fitz
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    Big Fitz User Quit *****

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    A few years back on CNN I heard an economic commontator say that if China didn't grow at 8% a year, they would crash. Since they are dependent on us to pretty much fund their economy, our crash is going to hurt them all the more and faster.

    So yeah, I agree with you and your link on this one. It's inevitable, and it will make the world a much more dangerous place. Consider for just a moment a Chinese full on Civil War with nukes potentially being exchanged and not just in their borders.

    The real sucky thing for us is... bubye cheap goods. The good news is, hello manufacturing job growth *IF* we can get the government out of the way.
     
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  3. TakeAStepBack
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    TakeAStepBack Gold Member

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    This is trade/currency war of a heavy magnitude heating up. All CBs are currently making large gold purchases and running heavy currency debasing policies to offset import/export.

    I don't know that I believe China will "crash", or that the govt. will not survive. But this is certainly worth keeping an eye on.
     
  4. perrin
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    perrin Rookie

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    all of you are wrong, China will not crash. the developing step is just slowed down by the government.
    High saving of money is a potential source to make this country go ahead.
     
  5. Oddball
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    Oddball BANNED Supporting Member

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    Buy....junk...silver....while....you.. ..still....can......
     
  6. blu
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    blu Senior Member

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    It already has become cheaper to produce a number of things here than in China. Granted, on a labor vs labor cost China is cheaper, but once shipping, etc is calculated, USA becomes cheaper.

    you also have companies leaving china and moving factories to other Asian nations that are on-par to where China was before their recent works rights revolts.
     
  7. blu
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    blu Senior Member

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    who is saving money? and in what currency?
     
  8. Oddball
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    Oddball BANNED Supporting Member

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    No currency....Hard (literally) money.
     
  9. Big Fitz
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    Big Fitz User Quit *****

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    Wish I could.
     
  10. editec
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    editec Mr. Forgot-it-All

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    The Chinese people are.

    They apparently save money like crazy.
     

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